Minda Corporation Ltd - Stock Valuation and Financial Performance

BSE: 538962 | NSE: MINDACORP | Auto Ancillary | Small Cap

Minda Corporation Share Price

414.55 -4.55 -1.09%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Minda Corporation

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Minda Corporation stock performance -

mw4me loader
P/E Ratio (CD):
35.60
Market Cap:
9,911 Cr.
52-wk low:
256.9
52-wk high:
449

Is Minda Corporation Ltd an attractive stock to invest in?

1. Is Minda Corporation Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Minda Corporation Ltd is a below average quality company.

2. Is Minda Corporation Ltd undervalued or overvalued?

The key valuation ratios of Minda Corporation Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Minda Corporation Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Minda Corporation Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Minda Corporation:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Minda Corporation Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.8%12.1%11.9%9.6%13.1%11.6%3.3%7.7%11.4%16.4%-
Value Creation
Index
-0.3-0.1-0.2-0.3-0.1-0.2-0.8-0.5-0.20.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,5941,9712,4462,0602,5943,0922,2232,3682,9764,3004,511
Sales YoY Gr.-23.6%24.1%-15.8%25.9%19.2%-28.1%6.5%25.7%44.5%-
Adj EPS 3.44.34.94.4771.23.97.11211.7
YoY Gr.-27.2%16%-10.5%57.5%0.4%-82.7%224%80.4%70%-
BVPS (₹) 18.221.626.329.935.552.642.947.955.566.480.6
Adj Net
Profit
7089.310391.914515827.693.6169287279
Cash Flow from Ops. -17.730422648.469.920945085.5167387-
Debt/CF from Ops. -31.31.72.411.410.43.31.25.72.41.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.7%10.6%24.6%44.5%
Adj EPS 15.3%11.6%115%70%
BVPS15.4%13.3%15.7%19.5%
Share Price - 25.3% 62.8% 54.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1920.919.915.521.316.32.58.813.719.715.9
Op. Profit
Mgn %
89.59.69.310.79.611.29.31010.910.9
Net Profit
Mgn %
4.34.24.35.15.65.10.73.85.46.96.2
Debt to
Equity
1.41.110.910.60.60.40.30.4-
Working Cap
Days
14812711714313513818515913611365
Cash Conv.
Cycle
4832295062636638413313

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.90%

Sales growth is growing at healthy rate in last 3 years 24.61%

Net Profit is growing at healthy rate in last 3 years 114.97%

Sales growth is not so good in last 4 quarters at 8.28%

Latest Financials - Minda Corporation Ltd.

Standalone Consolidated
TTM EPS (₹) 9.9 11.7
TTM Sales (₹ Cr.) 3,725 4,511
BVPS (₹.) 70.9 80.6
Reserves (₹ Cr.) 1,646 1,880
P/BV 5.85 5.14
PE 41.69 35.60
From the Market
52 Week Low / High (₹) 256.85 / 449.00
All Time Low / High (₹) 52.60 / 449.00
Market Cap (₹ Cr.) 9,911
Equity (₹ Cr.) 47.8
Face Value (₹) 2
Industry PE 47.1

Management X-Ray of Minda Corporation:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Minda Corporation

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,5941,9712,4462,0602,5943,0922,2232,3682,9764,300
Operating Expenses 1,4681,7852,2181,8682,3182,7981,9752,1482,6803,837
Manufacturing Costs92107128120152182148149182230
Material Costs9731,1981,4991,2271,5591,9031,3391,4931,8762,777
Employee Cost 266337416371441509357383474626
Other Costs 137144175150166204131124148205
Operating Profit 126186227192276294248220296463
Operating Profit Margin (%) 7.9%9.4%9.3%9.3%10.6%9.5%11.1%9.3%9.9%10.8%
Other Income 30231741163643332416
Interest 28393730405141393242
Depreciation 4860745874888794112138
Exceptional Items 152140018-3290330
Profit Before Tax 96111147145191236-167121209299
Tax 1727372949674531244
Profit After Tax 7884110116143169-21290185294
PAT Margin (%) 4.9%4.2%4.5%5.6%5.5%5.5%-9.6%3.8%6.2%6.8%
Adjusted EPS (₹)3.94.35.24.96.97.5-8.82.28.011.9
Dividend Payout Ratio (%)5%9%10%10%9%9%-4%29%12%10%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 3894675676227391,1919731,1441,3271,586
Share Capital 39616142424545484848
Reserves 3504065075806971,1469281,0961,2801,538
Minority Interest024640000000
Debt489445459469590533427400346489
Long Term Debt2101811421842801461159385172
Short Term Debt279264317285309387312307262318
Trade Payables249308426264441410509507568726
Others Liabilities 185178255193282308417277326401
Total Liabilities 1,3121,4221,7711,5482,0512,4422,3272,3282,5673,202

Fixed Assets

Gross Block9871,0321,3525918449528159401,3861,651
Accumulated Depreciation46046163461133220245328499625
Net Fixed Assets5275717195307117325706138871,026
CWIP 15151374162129183385
Investments 2529512613916517618164451
Inventories187231321306448446395396479573
Trade Receivables291318435374571546390442569641
Cash Equivalents 5444883326353472499333162
Others Assets214214189104140179295180202264
Total Assets 1,3121,4221,7711,5482,0512,4422,3272,3282,5673,202

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -18304226487020945086167387
PBT 96111147131191236-15484183289
Adjustment 5785107759876426131123178
Changes in Working Capital -15313213-126-175-42231-108-91-44
Tax Paid -17-24-41-31-45-61-52-21-49-35
Cash Flow From Investing Activity -128-51-160-170-200-402-137-174-7-428
Capex -70-81-91-138-194-118-146-131-108-249
Net Investments -2625-60-1-292-41-6879-194
Others -334-62-32-5850252115
Cash Flow From Financing Activity 133-238-2967122203-24965-16174
Net Proceeds from Shares 0000030608200
Net Proceeds from Borrowing 50-102-13681670-8110-47105
Interest Paid -24-34-33-25-36-40-40-32-25-26
Dividend Paid -5-10-10-12-15-18-20-7-15-26
Others 113-9328376-45-10712-7322
Net Cash Flow -121537-54-81164-24-134
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)23.4220.5122.1219.820.9817.53-19.618.4614.9320.21
ROCE (%)13.7415.7517.6715.3317.5517.18-7.4310.1814.3517.64
Asset Turnover Ratio1.311.531.671.331.461.380.931.031.241.53
PAT to CFO Conversion(x)-0.233.622.050.410.491.24N/A0.960.91.32
Working Capital Days
Receivable Days64535267656677636150
Inventory Days47363852525369605244
Payable Days938489102828212512410485

Minda Corporation Ltd Stock News

Minda Corporation Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Minda Corporation on 12-Apr-2024 16:59 is ₹414.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2024 16:59 the market cap of Minda Corporation stood at ₹9,911.
The latest P/E ratio of Minda Corporation as of 12-Apr-2024 16:59 is 41.69.
The latest P/B ratio of Minda Corporation as of 12-Apr-2024 16:59 is 5.85.
The 52-week high of Minda Corporation is ₹449.0 and the 52-week low is ₹256.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Minda Corporation is ₹3,725 ( Cr.) .

About Minda Corporation Ltd

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